If you were to buy a house locally at the current median price of $160,000 and had 10% deposit, then you would need a mortgage for $144,000. This is relatively small mortgage compared to state.
With a net change of 2157 people, PORT AUGUSTA 5700 has grown considerably when compared to other suburbs in SA.
With a median housing loan repayment of $1,100 a month, PORT AUGUSTA , 5700 mortgage brokers are seeing mortgage holders paying $450 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PORT AUGUSTA, 5700 should have seen some difference. While the latest census median annual household figure income is now $46,228, it was $37,970 back in 2006, which is a net increase of $8,257 Subtract from that the median mortgage repayment increase of $5,400 and a mortgage broker’s clients could be up to $2,857 better off each year even without factoring in mortgage rate cuts.